Sohan Lal Commodity Management
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| Company type | Limited |
|---|---|
| Industry | Agriculture, Warehouse |
| Founded | 2009 |
| Founder | Sandeep Sabharwal |
| Headquarters | Delhi, (Head office) , |
Area served | India & Myanmar |
| Website | www |
Sohan Lal Commodity Management is an Indian Post-harvest Agri Logistics Service Provider, with its offices in India and Myanmar.[1] It provides Commodity, Warehousing, Procurement and Collateral Management of Agri-Commodities and end-to-end agricultural services to the Indian farmers and allied stakeholders.[2][3]
History
[edit]In 1995, Sandeep Sabharwal, an MBA graduate from the Fore School of Management in Delhi, joined Sohan Lal. In 2004, Sabharwal initiated his business by renting a warehouse in Lawrence Road, Delhi, and commenced the practice of providing farmers with bar-coded warehouse receipt. The reliability of this system is such that banks now consider a bar-coded receipt from Sohan Lal as a guarantee when farmers seek financial assistance. Sohan Lal Commodity Management has been contracted by companies such as Cargill, a US-based agricultural powerhouse, for the storage of agricultural commodities.[2]
In March 2017, ResponsAbility Investments AG (Switzerland) and Incofin Investment Management (Belgium) invested $20 million in Sohan Lal Commodity Management.[4]
In December 2017, SLCM collaborated with State Bank of India,[5] HDFC Bank, and IndusInd Bank for collateral management.[6][7]
Operations
[edit]The logistics division of Sohan Lal Commodity Management is involved in storage, fumigation, quality assessment, agricultural appraisal, and risk management. SLCM has a network of approximately 16,646 warehouses with an Area of – 303.64 Million Sq Feet handling a daily Asset Under Management of 10,928.82 Crores. SLCM has 4500+ employees in India.[8]
SLCM has successfully entered the Myanmar market, establishing itself as the only Indian company in the agricultural logistics industry with operations abroad. SLCM oversees a network of 316 industrial zones covering an area of 9.22 million square feet. It manages a total of 1443 commodities, including both agricultural and non-agricultural products, with a throughput of 11.88 million metric tones.[8]
The financial wing of SLCM is a RBI regulated NBFC called Kissandhan, and it encompasses various products and services such as Commodity Based Finance (CBF), Business Correspondent Partnerships, Kissandhan, and Invoice Discounting Facility.[9]
Awards
[edit]- FICCI Awards 2022 by Ministry of Agriculture and Farmers' Welfare[10]
References
[edit]- ^ "There's a need to bridge gap in Indian agriculture sector through technology: Sandeep Sabharwal". Financialexpress. 3 May 2024.
- ^ a b "How Sohan Lal Is Solving The Problem Of Agri-commodity Wastage". Forbes India.
- ^ "SLMC plans to raise about Rs 700 cr IPO by mid-2024 for business expansion". Business Standard.
- ^ "Incofin, ResponsAbility invest $20 million in agri-logistics firm Sohan Lal". Livemint.
- ^ "SBI, SLCM ink pact for warehousing services". BusinessLine. 26 July 2019.
- ^ "SLCM ties up with HDFC Bank, IndusInd Bank for collateral management". Financialexpress. 26 December 2017.
- ^ "SBI signs MoU with SLCM Group for Collateral Management | Business". Devdiscourse.
- ^ a b P., Anuradha. "Sohan Lal Commodity Management: Transforming India's Agrarian Landscape". Bru Times News.
- ^ "SLCM NBFC arm Kissandhan disburses Rs 772 crore farm loan in 1 year". The Economic Times. 13 February 2017.
- ^ "SLCM's warehouse process management system wins FICCI award". BusinessLine. 2 December 2022.